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Tue, 4 June 2019

Wheels Up Expands Fleet with Travel Management Company Acquisition

Wheels Up, a membership-based private aviation company, has acquired Travel Management Company (TMC), one of the largest wholesale-focused light jet operators in the U.S.

TMC's fleet of 26 Hawker 400XP aircraft will complement Wheels Up's current fleet of 93 aircraft.

"This acquisition is a foundational piece in our continued brand evolution and mission to provide our members with a total private aviation solution, and we are thrilled to be welcoming TMC into the Wheels Up family," said Kenny Dichter, Founder and CEO of Wheels Up. "TMC and their light jet fleet are a perfect complement to our anchor partner, Gama Aviation, and their pilots, who will continue to operate the aircraft in our Wheels Up fleet and provide our members with the same high level of safety and service that they do today."

Nose of a Hawker 400XP. Click to enlarge.

TMC will operate as an independent subsidiary of Wheels Up and continue to provide the same service to their existing wholesale channel partners. TMC customers and wholesale channel partners will continue to engage with their respective TMC contacts, including Phil Dodyk and the TMC leadership team. TMC will continue to operate out of its current location in Elkhart, IN.

Phil Dodyk, CEO of TMC, said, "The team at TMC is world-class, and we're proud of the reputation we've earned for being one of the safest and most reliable operators in private aviation. By joining Kenny and the Wheels Up team, we're excited to become part of such a renowned brand and a larger company that is deep with talented leadership, which shares our collective vision of building an industry leader." 

Specific financial terms of the deal have not been disclosed.

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